OPEN-SOURCE SCRIPT
Zen_Spike_Break_v1
Looking at spike breaks - where a leg without pullbacks breaks the spike.
For this indicator, I looked at 4 consecutively higher lows / lower highs.
But you can of course look at 3 - I found just too many lines.
I use it for limit order trading and determining whether we are likely in a trend or trading range.
Inspired by the work from Dr Al Brooks and Ali Moin-Afshari.
For research purposes only.
For this indicator, I looked at 4 consecutively higher lows / lower highs.
But you can of course look at 3 - I found just too many lines.
I use it for limit order trading and determining whether we are likely in a trend or trading range.
Inspired by the work from Dr Al Brooks and Ali Moin-Afshari.
For research purposes only.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.